on Friday said it has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises. “Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers,” the bank said in a statement. Indian Bank General Manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin Deputy CFO Praveen T in the presence of the bank’s Managing Director and CEO Padmaja Chunduru recently.